• Job Description

  Req#: 24033959

  Job Description:

  At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

  One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

  Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

  Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

  Job Description:

  
  This job is responsible for moderately complex transaction and fulfillment processing, including the movement of assets into and out of accounts for Merrill and Private Bank banking, brokerage and personal retirement including operational support, research & maintenance, disbursement processing, reconciliation and settlement services. Key responsibilities include review and execution of account reconciliation, settlement, funds transfer support, for internal and external partners. Providing quality service and operations support for internal business partners and external clients, in accordance with established guidelines and procedures. Job expectations include handling of operational processes which may carry medium to high levels of monetary risks.

  
  Responsibilities:

  • Performs daily review of internal ledgers for LMA/BANA/MLBTC(Cayman) settlement accounts mitigating risk and losses due to un-reconciled ledgers or accounts.
  • Review financial reporting in conjunction with the respective settlement(s).
  • Monitoring and process e-mail requests via an internal Team mailbox.
  • Act as liaison for various business partners through ownership and problem resolution.
  • Performs moderately complex transaction processing and reconciliation with medium to large monetary impact according to the established written guidelines and procedures.
  • Responds to moderately complex client inquiries via numerous channels to support operational efficiency and quality client service.
  • Responsible for the analysis and resolution of moderately complex transactions requiring escalations and exceptions.
  • Proactively identifies risk and opportunities for process improvements based on an understanding of how the work impacts other operational units.

  Skills:

  • Ability to provide support to executive level internal partners (Trust Officers and other Merrill Teams).
  • Required to process money movement requests for Private Bank Trust accounts, Merrill Lynch Bank and Trust (Cayman) Ltd and Merrill Lynch accounts through the processing of internal wires and Journal Entries
  • Process requests related to Stop Payments, Check Voids, Security Movement, ACH, Fed & State taxes, write-off’s, class actions, transaction maintenance and fees.
  • Ability to review internal ledgers and bank accounts for activity posted aging.
  • Ability to perform daily review check printing, and check payment pay/return requests.
  • Attention to Detail
  • Customer and Client Focus
  • Oral and Written Communications
  • Prioritization
  • Problem Solving
  • Analytical Thinking and Research skill

  Line of Business Job Description:

  This job is responsible for moderately complex transaction and fulfillment processing, including the movement of assets into and out of accounts. Key responsibilities include review and execution of account reconciliation, settlement, funds transfer support, for internal and external partners. Providing quality service and operations support for internal business partners and external clients, in accordance with established guidelines and procedures. Job expectations include handling of operational processes which may carry medium to high levels of monetary risks.

  Required Skills:

  • 2 to 3 years Private Bank/Merrill Lynch transaction processing knowledge
  • High performing data processing output skills
  • Strong problem solving and decision-making skills.
  • Demonstrate professional responsiveness to partner requests.
  • Experience displaying the ability to work effectively in a team environment.
  • Strong organization and follow-up skills
  • Quick learner who can develop subject matter expertise.

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

• About the company

  Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

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